Introduced in release: 1.0 Component: US MBS Purpose:
Calculates the dollar price for a mortgage backed security given the bond equivalent yield. It uses the monthly cash flows as input.
Alternatives:
This routine requires inputs normally provided by other interim routines. The mbs_py routine uses a general descriptive date in computing a price.
Results:
The result is returned as the value of the function, accurate to as many places as supported by a double precision value.
Error Conditions:
Returned values should be ignored for a non-zero status. See Errors.